A&P STRUGGLING TO OVERCOME 'RENEWAL' WOES

MONTVALE, N.J. -- A&P here will be under intense pressure to realize the benefits of its Great Renewal strategic initiatives amid disappointing earnings and heavy competition, financial analysts told SN.In the wake of a $14.5 million loss in the fiscal third quarter ended Dec. 2 (reported in SN, Jan. 8), A&P will reduce its 2001 capital expenditures, slow its store development program, re-examine

MONTVALE, N.J. -- A&P here will be under intense pressure to realize the benefits of its Great Renewal strategic initiatives amid disappointing earnings and heavy competition, financial analysts told SN.

In the wake of a $14.5 million loss in the fiscal third quarter ended Dec. 2 (reported in SN, Jan. 8), A&P will reduce its 2001 capital expenditures, slow its store development program, re-examine its activities, and "eliminate all things not vital to our current situation," C

Register to view the full article

test - Advanced Registered User

Already a member? .